Kopane Share Discussion Threads

[arf dysg] 23/7/2010 11:27

2admiral (7635) "you can still buy now what people were paying and sitting waiting for most of 2010 some even more."

There are an awful lot of shareholders who have been waiting for FAR longer than most of 2010. These people are still waiting for the mythical premium.

[old portmuthian] 23/7/2010 11:19

Hector

I agree re the future of FDI and wanted to buy in. But by far the cheapest route right now is thru KDD taking the risk that the offer falls thru which doesn't look likely at the moment, however the relentless selling of KDD this morning with me being the only major buyer could be telling us something - who knows.

[hectorp] 23/7/2010 11:05

I'm not tempted here now, but will stick with the FDI shares, even though G-S, you suggest FDI should be trading at 25.5p not 28.4p.
Buying KDD now appears to have superficial technical attraction, but look at the dynamics of the overall situation especially the value aspects.

Could that be because FDI can make economies and bring efficient and actual management and resources to the Lesotho kimberlites of KDD?

Could it perhaps be that FDI will more rapidly bring the market to appreciate that there is indeed a $2.00 Billion plus value in there that for a change may
actually be developed fully?

Does anyone really expect the merged entity to be trading at 28.5p in three or six months? and it itself becomes a target for the larger diamond players.

Lastly, is everyone here perhaps arguing pennies, when the merged entity provides a marvellous future for dedicated investors stumping up small change for Billions worth of diamond production over the next 15 years?
I suspect FDI would buy our pensions in 5-6 years, but will probably be taken out long before.
H.

[2admiral] 23/7/2010 10:47

Think you will get your 17p per share. Still about a 30% premium not great but not bad as you can still buy now what people were paying and sitting waiting for most of 2010 some even more.

[old portmuthian] 23/7/2010 10:18

Just bought in at 12.25 (effectively buying FDI at 26.03). Looks limited risk here especially with RHPS tipping FDI.

[arf dysg] 23/7/2010 10:01

pembury, I wouldn't disagree with you.

"premium" - ha! MMs pushed the price down on low volume, then it went up again when some people heard the news in advance of the official announcement. Ergo, a genuine honest-to-goodness "rise" allowing management to boast of a "premium".

Ha!

[giant steps] 23/7/2010 09:50

Given ratio 0.4657 perhaps Firestone should be trading @ 25.76p,
would make sense given huge dilution for them.

[seismick] 23/7/2010 09:46

Kopane should be trading 13.25p now at 0.4567

[dcroston] 23/7/2010 08:17

Better to make a clean break. Its a disappointing result as most people expected a much better offer but FDI will add value over time I'm convinced of that.

[holts] 23/7/2010 08:09

the more you reflect on this deal the more the whiff of something un-pleasant arises.

[parsnip884] 23/7/2010 07:08

*DE BEERS 1H SALEAS RISE 84% TO $2.6B

[willoicc] 22/7/2010 22:39

KDR and Conroy are investments you make for your grand children.

[keya5000] 22/7/2010 22:04

A bit off topic, but what do the diamond mine expects here think of KDR that's shot up today. Suprised the link they have forged with Rio Tinto has not generated a bit more interest.

[pembury] 22/7/2010 22:03

Arf
Well management haven't exactly excelled themselves in the art of negotiation have they!
Deal currently valued below the premiums they mention which as it stands do not exist.

[half a scargill] 22/7/2010 21:55

I'd be happy to match my holding again to pump money in to the company to restart the mine.

[arf dysg] 22/7/2010 21:28

I must object most strenuously. You've spelled "Scolaro" wrongly.


Did RHPS really say this?
"the project has been hampered by poor management"

Better not tell anyone: they might get upset!

[half a scargill] 22/7/2010 19:51

The Barclays Corporate actions group direct number is 08459412222.

I was given this direct number by them today. They will be sending out their own correspondance on the "merger" over the next few days. Apparently they have quite a large shareholder base in both companies.

I'll be voting no. I'm a KDD holder of around 18 months, and if i'd wanted to buy FDI shares I would have done.

[pembury] 22/7/2010 16:33

After what is likely to happen here please no not another con

[adam] 22/7/2010 16:29

I think the interested part was FDI themselves though (see iii)

Not to say there couldn't be other bidders, but FDI have irrevocables.

If anything I would expect FDI to become a target.

[pembury] 22/7/2010 16:20

adam- There was an MOU rns'd in Jan with a value of 26.57p then two weeks later the bid approach came and we have waited for six months for a max 17p offer. If you were the MOU party having done all this due diligence would you not be looking to come back and trump this bid when you would be paying less for more!?

FDI have revealed their hand and to be honest I thought the deal would be attractive enough to deter a counter bid. Well frankly it isn't but maybe others may step forward. The media were speculating on a 22p offer back in Jan so that would suggest a decnet and fairer offer but still a good deal for any buyer imo.

[adam] 22/7/2010 16:13

I bought earlier at 12.375 twice and once as low as 12p, but now looks like a lot of little sells but the bid firm. Does this mean we have a buyer in tow?